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CIP
Convergence Investment Partners Portfolio holdings
AUM
$1.06B
1-Year Est. Return
87.75%
This Fund
S&P 500
This Quarter
Est. Return
+2.92%
1 Year Est. Return
+87.75%
3 Year Est. Return
+284.26%
5 Year Est. Return
+379.02%
10 Year Est. Return
+1,390.46%
AUM
$359M
AUM Growth
-$54.9M
(-13%)
Cap. Flow
-$60.4M
Cap. Flow
% of AUM
-16.81%
Top 10 Holdings %
Top 10 Hldgs %
16.06%
Holding
382
New
86
Increased
52
Reduced
155
Closed
88
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Southern Company
SO
|
+$2.55M |
| 2 |
IPG
Interpublic Group of Companies
IPG
|
+$2.43M |
| 3 |
Duke Energy
DUK
|
+$2.37M |
| 4 |
AT&T
T
|
+$2.36M |
| 5 |
Medtronic
MDT
|
+$2.1M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Boeing
BA
|
+$4.68M |
| 2 |
Verizon
VZ
|
+$3.21M |
| 3 |
Comcast
CMCSA
|
+$3.15M |
| 4 |
AvalonBay Communities
AVB
|
+$2.59M |
| 5 |
Union Pacific
UNP
|
+$2.52M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 16.97% |
| 2 | Financials | 16.77% |
| 3 | Healthcare | 12.46% |
| 4 | Industrials | 10.79% |
| 5 | Consumer Staples | 8.9% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
251
Thor Industries
THO
$4.14B
| $152K | 0.04% |
+2,685
| New | +$141K |
|
|
XLRN
252
DELISTED
Acceleron Pharma
XLRN
| $149K | 0.04% |
+3,764
| New | +$163K |
|
|
PRO
253
DELISTED
PROS Holdings
PRO
| $147K | 0.04% |
+2,469
| New | +$166K |
|
|
JBTM
254
JBT Marel
JBTM
$6.39B
| $147K | 0.04% |
1,477
-7,967
| -84% | -$878K |
|
|
SYNH
255
DELISTED
Syneos Health, Inc. Class A Common Stock
SYNH
| $147K | 0.04% |
+2,756
| New | +$141K |
|
256
Columbus McKinnon
CMCO
$584M
| $146K | 0.04% |
+4,001
| New | +$149K |
|
257
Anika Therapeutics
ANIK
$287M
| $145K | 0.04% |
+2,645
| New | +$136K |
|
258
Performance Food Group
PFGC
$18B
| $142K | 0.04% |
3,077
-1,538
| -33% | -$68.3K |
|
259
Veracyte
VCYT
$3.8B
| $142K | 0.04% |
5,918
+695
| +13% | +$18.5K |
|
|
MTOR
260
DELISTED
MERITOR, Inc.
MTOR
| $142K | 0.04% |
+7,657
| New | +$155K |
|
261
ANI Pharmaceuticals
ANIP
$1.78B
| $141K | 0.04% |
1,935
-65
| -3% | -$4.86K |
|
|
VRNT
262
DELISTED
Verint Systems
VRNT
| $141K | 0.04% |
6,458
-77,076
| -92% | -$2.05M |
|
|
CORE
263
DELISTED
Core Mark Holding Co., Inc.
CORE
| $140K | 0.04% |
4,370
-57,176
| -93% | -$1.99M |
|
|
EVRI
264
DELISTED
Everi Holdings
EVRI
| $139K | 0.04% |
16,409
+1,094
| +7% | +$11.2K |
|
|
FBM
265
DELISTED
Foundation Building Materials, Inc. Common Stock
FBM
| $138K | 0.04% |
+8,931
| New | +$155K |
|
|
KYNB
266
Kyntra Bio
KYNB
$29.4M
| $137K | 0.04% |
+148
| New | +$163K |
|
267
Adeia
ADEA
$3.11B
| $136K | 0.04% |
24,925
-14,712
| -37% | -$78.7K |
|
268
Piper Sandler
PIPR
$5.29B
| $134K | 0.04% |
7,100
-2,660
| -27% | -$49.6K |
|
269
FNB Corp
FNB
$6.75B
| $132K | 0.04% |
+11,444
| New | +$129K |
|
270
StoneX
SNEX
$7.94B
| $131K | 0.04% |
+16,129
| New | +$126K |
|
271
Lithia Motors
LAD
$8.26B
| $130K | 0.04% |
984
-976
| -50% | -$125K |
|
|
SIVB
272
DELISTED
SVB Financial Group
SIVB
| $128K | 0.04% |
+613
| New | +$128K |
|
273
Cirrus Logic
CRUS
$6.26B
| $127K | 0.04% |
2,370
-3,305
| -58% | -$169K |
|
274
Boise Cascade
BCC
$3.02B
| $122K | 0.03% |
+3,737
| New | +$110K |
|
275
Innoviva
INVA
$1.48B
| $121K | 0.03% |
11,451
-6,282
| -35% | -$75.1K |
|
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Convergence Investment Partners's Q3 2019 Portfolio in Review
As of Q3 2019, Convergence Investment Partners held 382 positions worth $359M, down 13% from $414M the previous quarter. Its ten largest holdings account for 16% of the portfolio.
Convergence Investment Partners withdrew a net $60.4M in Q3 2019, closing 88 positions and reducing 155 holdings. Its most notable exit was AvalonBay Communities, an estimated $2.59M position sold in full.
By sector, the portfolio is most concentrated in Technology at 17% of assets, down from 17% a quarter earlier, followed by Financials and Healthcare.
Against the trend, Convergence Investment Partners opened a new position in Southern Company worth $2.72M.
- Convergence Investment Partners's largest Q3 2019 buy was Southern Company: 44,037 shares worth $2.72M.
- Convergence Investment Partners added most to AT&T in Q3 2019, an estimated $2.36M increase.
- Convergence Investment Partners's biggest Q3 2019 reduction was Boeing, cutting an estimated $4.68M.
- Convergence Investment Partners fully exited AvalonBay Communities in Q3 2019, selling an estimated $2.59M.
- Convergence Investment Partners's ten largest holdings make up 16% of its $359M portfolio in Q3 2019.
- Convergence Investment Partners opened 86 new positions and closed 88 in Q3 2019.
- Convergence Investment Partners's portfolio value fell 13% quarter-over-quarter to $359M.
Based on Convergence Investment Partners's 13F filing for Q3 2019, filed 22 Oct 2019.